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flag Critics warn Assembly Bill 569 could erode California's 2013 pension reforms, threatening fiscal stability.

flag Assembly Bill 569 faces criticism for potentially undermining the 2013 Pension Reform Act (PEPRA), which aimed to curb expenses in California's public pension system, CalPERS. flag PEPRA raised retirement ages and banned practices like pension spiking. flag Critics argue AB 569 could allow local governments to negotiate additional retirement benefits, increasing pension liabilities. flag CalPERS remains underfunded at 75%, with $164 billion in liabilities. flag Multiple newspapers urge rejecting AB 569 to protect fiscal stability.

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